Autopsy US Election Day Thread - Trump 47th President of the United States

[Gethelred]

The race is run, the winner declared!

For further discussion of the election:

USA - 2024 US Presidential Election: Trump vs Harris (pt II)

I will be keen to watch the handover on J6 I think, Will the Bidens attend unlike Trump? Will the crowd be the biggest in history, Will there be a magical Mystery victory tour and rallies like 2016, Will he reduce his golf games and stop heading North in the Summer or home to Fl in the winter...

www.bigfooty.com

For discussion of the incoming president:

Play Nice - 47th President of the United States: Donald Trump - Part 20: Here we go again!

Mod Notice * Thread monitored actively. User who drag it down will be removed Specifically: reference to TDS (Trump Derangement Syndrome) and its counterpart 'Trumpanzee' or anything similar will no longer be allowed. Personal attacks are also to be kept to a minimum. Just a reminder, even...

www.bigfooty.com

For discussion of the losing candidate:

USA - Kamala Harris Concedes. God Help America

www.bigfooty.com

Enjoy, all!

 

[stefcep]

So to confirm; you're making the claim that 50% of the working age Australian population pay no tax?

I'm making the claim that progressives have no ****ing idea of how much tax the rich pay, nor can they define who they are, let alone if its enough tax nor if its "fair".


*income tax

 

[stefcep]

Does it?

As you earn more, your cost of living doesn't go up proportionately.

If you're earning say, $50,000 you're spending a pretty significant portion of your income on essentials like shelter and food.
If you're earning $100,000, you're spending a lesser portion on essentials.
At $200,000, $500,000, $1,000,000 that portion continues to get smaller and smaller.

So asking someone who earns more, to pay more, is a significantly lesser burden on their ability to live.

Again, do you think the rich don't pay enough tax?

 

[faible]

I'm not making the claim the rich don't pay enough income tax. I think they pay too much. There should be a flat 25% tax rate. No deductions, no concessions.

Ok that's a good point to start from.

Some follow-up questions:

Is that a flat 25% from the very first dollar you earn?
Is there still a tax-free threshold?
If there is a tax-free threshold, should it be adjusted to allow for the deductions that can no longer be claimed?

 

[Saint Shags]

That is demonstrably false.

The top 1% of income earners lets call them the rich pay for 1 in every 5 dollars of income tax collected: $443,544.91 in tax. Each.

The top 10% of income earners pay 1 in 2 dollars of tax collected.

The top 20% pay for 7 in 10 income tax dollars.

The bottom half pay.....zero.


Here is the ignorance of the regressives in its full glory.

Then why have a video of Trump saying you're smart if you don't pay tax.

And if anyone here is being ignorant. Lets look at your call that the bottom half pays no tax. What an absolute crock.

 

[spinynorman]

One reason I believe compulsory voting will help prevent a US style political system and similar scenario taking hold in Australia.
( Although ‘dumbing down’ of the populace may prove me wrong)

But there are a number of Senate races where substantially more people voted than they did in the presidential vote in the same state. In Australia, they would have voted informal.

Wisconsin, Michigan, Nevada and Arizona elected Democratic Senators. North Carolina elected a Democratic Governor. Of the swing states, only Pennsylvania elected a Republican (Georgia didn’t have votes for Senator or Governor).

The issue is Harris is tied to an incredibly unpopular incumbent President and, when asked, said she wouldn’t do anything substantially different to him. That’s really the entirety of it.

 

[TheSunGod]

Sunshine and excercise helps a lot.

The sun God should know how important the sun doctor is

Of course it’s what I do, but I had no idea I was at war with the FDA

 

[QuietB]

I can't help but think the whole tariffs thing is just bluster. I doubt it will be implemented in the manner he has suggested during his campaign

Ditto with the deportations

Trump will not do anything. He never does. They - MAGA - have all been conned.

And for MAGA sooking that no one cares and only Trump can save them. Elon Musk bought Twitter with the money Trump printed and that money could have been spent on you. Then Elon Musk used Twitter to get Trump back in so Trump can gift him more cash from government for his rockets and whatever else - because as we have all been conditioned the private sector does everything better - all they need is public money to do it

Trump is the swamp.

 

[faible]

Again, do you think the rich don't pay enough tax?

I believe our system is poorly set up to capture the ultra-wealthy (e.g. your Gina Rinehart's of the country) who have enormous wealth, but don't have income commensurate with that wealth.

In addition, and this is specifically related to Gina and her friends in mining, I believe we don't sufficiently tax our natural resources (which are finite, and will definitely run out) to ensure that the Australian people get their share of the profits. I'm a big supporter of the Norweigen Sovereign Wealth Fund model where they take some of the cash from those finite natural resources, and invest it for the future.

Future Fund - Wikipedia

en.wikipedia.org

We actually do have a 'Future Fund' in Australia that was created under the Howard / Costello Government, but hasn't had any inflow of capital over time the way the Norweigen one has. It has had quite nice returns, but imagine what it would look like if we actually continued to build the investment instead of just relying upon returns.

 

[King Patty]

I'm not making the claim the rich don't pay enough income tax. I think they pay too much. There should be a flat 25% tax rate. No deductions, no concessions.

This is actually very smart. why should individuals pay more tax than companies.

25% flat tax rate for individuals matches company tax rate and means small businesses can pay all profits out of companies without extra tax.

would need to scrap back capital gains tax 50% discount. That does benefit the wealthy. But also may mean they hold onto assets even longer. but 25% max individual tax is likely similar to 47% but with 50% discount.

 

[QuietB]

What attitude? That people should be educated about how their being taxed?

Who do you think progressive refer to when they're talking about 'the rich'.

Do you think Elon Musk pays his fair share of tax?

Here's an exercise for you; take your net wealth, take your tax bill, work out what percentage of your net wealth you're paying as tax. Do the same for Trump, or Musk, or Bezos.

Our tax system is not at all set up to handle the extremely wealthy, and for some god unknown reason, people who aren't extremely wealthy vote as though they are.

In the US for example, the top tax bracket of 37% kicks in when you earn over $578,126 per annum. How many Republican voters will ever earn above that amount? If you're never going to earn above that, why does it matter to you what the number is?

Elon Musk is the biggest receiver of public welfare in history.

And it is not close. Maybe Qantas - but other than them it is not close.

 

[CarmenSandiego]

Does it?

As you earn more, your cost of living doesn't go up proportionately.

If you're earning say, $50,000 you're spending a pretty significant portion of your income on essentials like shelter and food.
If you're earning $100,000, you're spending a lesser portion on essentials.
At $200,000, $500,000, $1,000,000 that portion continues to get smaller and smaller.

So asking someone who earns more, to pay more, is a significantly lesser burden on their ability to live.

this is wrong. as you earn more, more things become essential.

idk how I lived without my own personal cryochamber & vitamin c shower tbh.

 

[Tadpole]

Of course it’s what I do, but I had no idea I was at war with the FDA

They’re wasting their time. No one can defeat the sun god.

 

[QuietB]

More public housing?

"Immediately freeze and cap rent increases through National Cabinet" is the first item listed on the Greens website housing policy.

That is pure authoritarianism - total control by the state. You might agree with the policy, you might like it, but it is pure authoritarianism.

 

[faible]

this is wrong. as you earn more, more things become essential.

idk how I lived without my own personal cryochamber & vitamin c shower tbh.

True, that house in Toorak or Brighton? Essential. That holiday house in Sorrento? Essential. That Range Rover? Essential.

 

[troybe]

https://meidasnews.com/video/trumps-93-campaign-promises

If you haven't read Trump's brilliant policies to Make America Great Again, it's fantastic

 

[King Patty]

True, that house in Toorak or Brighton? Essential. That holiday house in Sorrento? Essential. That Range Rover? Essential.

kids going to a private school essential.

 

[faible]

"Immediately freeze and cap rent increases through National Cabinet" is the first item listed on the Greens website housing policy.

That is pure authoritarianism - total control by the state. You might agree with the policy, you might like it, but it is pure authoritarianism.

Rental increases have gone nuts the last few years, housing is a real and pressing problem for a lot of people and the plans both LNP and the ALP come up with aren't really intended to do much. We genuinely do need to plan for long-term or life-long renting being a 'thing' in Australia now, when it really hasn't been that way in past generations.

As for the Greens rental policy, there's a bit more detail FWIW:

Rent Freeze Now | The Australian Greens

greens.org.au

• An immediate rent freeze for 2 years coordinated through National Cabinet
• Following the freeze, capping future rental increases at 2% every 2 years
• More public and genuinely affordable housing to be built via a new public property developer
• A new National Renters Protection Authority to enforce the rent freeze and caps
• New national tenancy standards, such as the guaranteed right to lease renewal

 

[King Patty]

Rental increases have gone nuts the last few years, housing is a real and pressing problem for a lot of people and the plans both LNP and the ALP come up with aren't really intended to do much. We genuinely do need to plan for long-term or life-long renting being a 'thing' in Australia now, when it really hasn't been that way in past generations.

Cut immigration massively mostly students that end up not going home.
OVer time if we can build more houses than people coming into the country things will stabilise
In time the rental stress goes down, as availability frees up.
Currently its quite hard for people to even move suburbs as housing is soo tight.

Labor or the Greens won't do the actual thing that will make the most difference, as they are afraid of being called racist?

Leave essential workers coming in nurses, doctors etc, but also reduce fees for these courses, but add conditions.
I.e if study nursing in WA must work in WA public hospital for 4 years then HECS debt gets paid by govt.
Similar to Doctors - if work in public system for 6 years, then HECS debt paid by govt.
That will encourage students to continue to study in degrees that are needed for government jobs. And hopefully stop us stealing essential workers from other countries, that when they come to australia, have to relearn the australin way of doign things and also get over the language barrier.

 

[TheSunGod]

They’re wasting their time. No one can defeat the sun god.

 

[campbell]

https://meidasnews.com/video/trumps-93-campaign-promises

If you haven't read Trump's brilliant policies to Make America Great Again, it's fantastic

Flippen heck.

Buckle up world.

The crazies are in charge.

 

[stefcep]

Then why have a video of Trump saying you're smart if you don't pay tax.

And if anyone here is being ignorant. Lets look at your call that the bottom half pays no tax. What an absolute crock.

Everyone should legally minimize the tax they pay. They're stupid if they don't.

Its true the bottom 50% pay no income tax. Learn to read.

 

[Gavin Excell]

I believe our system is poorly set up to capture the ultra-wealthy (e.g. your Gina Rinehart's of the country) who have enormous wealth, but don't have income commensurate with that wealth.

In addition, and this is specifically related to Gina and her friends in mining, I believe we don't sufficiently tax our natural resources (which are finite, and will definitely run out) to ensure that the Australian people get their share of the profits. I'm a big supporter of the Norweigen Sovereign Wealth Fund model where they take some of the cash from those finite natural resources, and invest it for the future.

Future Fund - Wikipedia

en.wikipedia.org

We actually do have a 'Future Fund' in Australia that was created under the Howard / Costello Government, but hasn't had any inflow of capital over time the way the Norweigen one has. It has had quite nice returns, but imagine what it would look like if we actually continued to build the investment instead of just relying upon returns.

F Fund essentially is covering PS superannuation

 

[stormskye]

It’s crazy to me that average everyday normal people care about crime, borders and the economy. And don’t get involved in anything else.

 

[Gavin Excell]

Flippen heck.

Buckle up world.

The crazies are in charge.

Freedom Cities?
Sound lawless and a disaster

 

[stefcep]

I believe our system is poorly set up to capture the ultra-wealthy (e.g. your Gina Rinehart's of the country) who have enormous wealth, but don't have income commensurate with that wealth.

In addition, and this is specifically related to Gina and her friends in mining, I believe we don't sufficiently tax our natural resources (which are finite, and will definitely run out) to ensure that the Australian people get their share of the profits. I'm a big supporter of the Norweigen Sovereign Wealth Fund model where they take some of the cash from those finite natural resources, and invest it for the future.

Future Fund - Wikipedia

en.wikipedia.org

We actually do have a 'Future Fund' in Australia that was created under the Howard / Costello Government, but hasn't had any inflow of capital over time the way the Norweigen one has. It has had quite nice returns, but imagine what it would look like if we actually continued to build the investment instead of just relying upon returns.

I see: so its now the ultra wealthy, not "the rich" that you want to target. A "Gina" tax?

The Future Fund is only open to- surprise surprise- PUBLIC SERVANTS and was specifically set up to fund their retirement expenses.

The rest of us plebs can fend for ourselves by paying our super with income we forego, and Big Gov is just itching to get their hands on more and more of it.